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EUR/USD Attacking Key Resistance Area Near 1.33
The EUR/USD did indeed rally from the double bottom spotted at the end of the 3/7 US trading session. As the market trades into the 3/8 US session, EUR/USD is attacking a key resistance zone. The 1.3288 level is 50% retracement of the swing from 1.3483 to 1.3093. This is coincident with a resistance pivot zone from the 1.3288-1.3315 area. Note the RSI also tagging 60 at the moment. A clear bearish market should make a turn around soon, or it will be choppy market that can see a correction up toward 1.3350. (1.3334 is 61.8% retracement). If this pullback does respect this resistance area around 1.33, there is a chance ... (full story)
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